I've seen a lot of analysis for a short trade for Cable, however I strongly believe that a long position would be better suited.
Before I enter, I would look for a close above the day structure, so possible wait until Tuesday to enter. If Monday's candle closes above the structure, it will also close above the descending trend line. I would then expect a retrace back to the day structure to then act as a support to continue on the uptrend.
If you have any feedback, questions or wish to discuss this chart and possible other outcomes please feel free to do so,
*Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
Before I enter, I would look for a close above the day structure, so possible wait until Tuesday to enter. If Monday's candle closes above the structure, it will also close above the descending trend line. I would then expect a retrace back to the day structure to then act as a support to continue on the uptrend.
If you have any feedback, questions or wish to discuss this chart and possible other outcomes please feel free to do so,
*Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*